Bitcoin (BTC) is currently trading around the $10,900 level, but it may not be at this level for long given a recent projection. As the benchmark cryptocurrency continues to strengthen its bullish fundamental foundation, one analyst has narrated that there’s currently sufficient capital on the sidelines in crypto to push Bitcoin to a $1 trillion […]
New reports suggest that Bitcoin (BTC) is playing out another classic Whale manipulation following yesterday’s sharp $200 drop. This manipulation pattern has been discussed broadly in a previous article. It involves a tactic used by large BTC traders (Whales), which instills panic in the market and causes smaller traders with weaker hands to sell. The […]
A senior commodity strategist at Bloomberg, Mike McGlone believes that the world’s largest cryptocurrency, Bitcoin (BTC), could have a $100,000 price tag by 2025. The cryptocurrency has shown a strong predisposition in adding more zeros to its price since 2011. In the October edition of the Bloomberg Crypto Outlook, Mr. McGlone, an adept Bloomberg Intelligence […]
Bitcoin (BTC) has been steadily climbing higher over the past 25 hours, as its correlation with the equity markets strengthens once again. Both markets have been gaining bullish momentum on the news that President Trump is very healthy despite contracting the deadly COVID-19 disease. Many cryptocurrency experts expect BTC to visit the $11,000 mark soon. […]
Notably, Bitcoin’s (BTC) volatility has dropped in the past month compared to previous months. The benchmark cryptocurrency has been whipsawing in a $1k range between the $10,000 and $11,000 psychological marks. Last week, BTC struggled to reach the upper level of the range, near $11,000, however, all the efforts by bulls were brought to naught […]
Bitcoin (BTC) continues to react negatively to yesterday’s unexpected news, after the United States Commodity and Futures Commission (CFTC) and the Federal Bureau of Investigation (FBI) took legal action against top Bitcoin derivatives exchange, BitMEX. About $18 billion has been withdrawn for the global cryptocurrency market since the news broke, and over $20 million worth […]
Bitcoin (BTC) had two major candle closes yesterday, as it ended its monthly and quarterly candles. Although the anticipation of this close didn’t inspire any significant volatility, the cryptocurrency was able to maintain its footing above $10,500 before and after the close, which gave bulls significant strength earlier today. The strength gotten from this close […]
Bitcoin (BTC) and the rest of the cryptocurrency market have been trading with intense choppiness for the past few days and weeks, with bulls and bears failing to forge a clear path in the near-term. The benchmark cryptocurrency has been in a trading range between $10,200 and $11,000 for most of September. The prolonged absence […]
Bitcoin (BTC) looks poised to resume on its uptrend towards its YTD high around $12,400 and above, because of its strong correlation with gold (XAU/USD). Both assets appear to have developed strong ties since March 2020. Gold and Bitcoin get their fundamental cues for the same source; the global central bank policies in response to […]
